Fraser Valley July 2026 Market Stats — Affordability Keeps Improving, But Buyers Are Still Waiting

The Fraser Valley Real Estate Board released its July 2026 numbers, and the story has not changed much: prices keep coming down, and buyers keep taking their time. The composite benchmark price is now down seven per cent from a year ago. That is a meaningful shift, not a blip, and it still has not been enough to bring urgency back to the market.

Let's break this down. The Fraser Valley recorded 1,089 sales in July, down five per cent from June and nine per cent below where we were this time last year. Sellers pulled back too. 2,836 new listings came to market, a 14 per cent decline from June and 18 per cent below last July's pace. Neither side is rushing, and that is exactly why conditions continue to favour prepared buyers.

Here is what the numbers look like on benchmark pricing. The composite benchmark price for a typical Fraser Valley home sits at $877,600, down 0.8 per cent from June and about seven per cent below where it was a year ago.

Single-family detached homes are benchmarking at $1,335,200, down 1.1 per cent from last month and down 8.3 per cent year-over-year.

Townhomes are at $757,300, down 0.9 per cent month-over-month and 7.1 per cent below July 2025.

Apartments are at $469,500, down 1.4 per cent from June and 9.1 per cent below this time last year.

On the supply side, there are 10,044 active listings in the Fraser Valley, down three per cent from June but still 32 per cent above the 10-year seasonal average for this time of year. That level of supply keeps competition in check and keeps conditions favourable for buyers. The sales-to-active listings ratio sits at 11 per cent. For context, a balanced market is typically between 12 and 20 per cent. We remain in buyer's market territory, and buyers who are financially prepared are finding some of the most favourable conditions this market has offered in some time.

Average days to sell were 40 days for detached homes and townhomes, and 46 days for condos. Properties are moving, just not overnight. Pricing and presentation still matter enormously.

Here's the reality — buyer urgency has been notably absent from this market for some time, and July did not change that. Inventory remains high, competition remains subdued, and buyers know they do not have to rush. Affordability keeps improving, especially for first-time buyers and those looking to downsize, faster than demand is picking up to meet it.

If you are a move-up buyer with existing equity, this remains one of the better windows we have seen in years to make that move.

If you are a first-time buyer, it is worth checking in with a mortgage broker about where you actually stand. Pricing across every property type is meaningfully lower than it was a year ago.

If you are a seller, price is what is deciding how fast your home moves right now. Homes priced to reflect today's market are still selling in a reasonable window, 40 to 46 days on average. Homes priced for last year's market are sitting.

If you are looking for a local real estate expert in South Surrey, White Rock, or the Fraser Valley to help you get ahead in the market, feel free to reach out. I am here to help.